Greek Prime Minister Alexis Tsipras appeared ready to improve relations with the country’s creditors after a week stigmatized by selloff in bonds and stocks, caused by his pledge to end Greece’s bailout agreement. In an e-mailed statement issued earlier today, Tsipras highlighted that Greece is ready to repay its debt to the International Monetary Fund (IMF) and the European Central Bank (ECB) and reach a new deal with the Eurozone member-states. In his statement, the Greek Premier said “my obligation to respect the clear mandate of the Greek people in regards to ending the austerity policies and returning to a growth agenda, in no way entails that we will not fulfill our loan obligations to the ECB or the IMF.” It should be noted that Tsipras has clarified he will not apply the conditions imposed by the country’s 240-billion-euro rescue program and Greece is, for the first time in five years, facing the danger of operating without the financial safety net. Moreover, the Greek Prime Minister is requesting from the Eurozone partners to endorse a new program based on economic revival rather than austerity, which will allow spending and wages in order to fuel growth. “We need time to breathe and create our own medium-term recovery program, which, among other things, will incorporate the targets of primary balanced budgets and radical reforms to address the issues of tax evasion, corruption and clientelistic policies. I am absolutely confident that we will soon manage to reach a mutually beneficial agreement, both for Greece and for Europe as a whole,” Tsipras said.
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